The ASX 200 shed 0.3% after a spate of weak data out of China was released.

The index bounced around in the morning session after a flat end to an otherwise solid week on Wall Street, but the afternoon session was a different story.

Chinese data across key construction, housing and industrial sectors all disappointed and from then on, the ASX steadily lost ground.

In the large-cap top 20, the miners Rio Tinto (-1.7%), BHP (-1.3%) and Fortescue (-1.0%) were amongst the poorest performers.

Energy stocks such as Santos (-1.6%) and Woodside (-1.0%) also fell.

The banks held up reasonably well lead by NAB up 0.7% to $35.26, its highest level since early 2015.

Across the region trading was mixed.

Japan's Nikkei fell 1.8%, Shanghai was down 0.2% while the Hang Seng was flat.

Swissquote's Ipek Ozkardeskaya noted the Shanghai index was now more than 5% down on its May peak.

"The latest data showed that home prices there slid at a faster pace in May despite all the efforts that the Chinese government puts in to stop the bleeding and industrial production slowed significantly more than expected, as well, during the same month," Ms Ozkardeskaya said.

"Japanese stocks took a dive this morning to lowest levels in more than two weeks; even the Bank of Japan's accommodative stance couldn't cheer up investors."

Wall Street looks to be in for in for a fairly quiet opening with S&P500 futures pointing to 0.1% lift after a flat close on Friday.

Ahead of tomorrow's RBA rates decision the Australian dollar was marginally softer at 65.91 US cents.

That's it for today, thank you for your company.

The ABC business team will be back and blogging tomorrow and will have all the news and analysis when the rates decision drops at 2:30pm AEST.

You can catch up on the day's developments below — or for more news, you can tune into tonight's episode of The Business on ABC News at 8:45pm, after the late news on ABC TV, and anytime on ABC iview.